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Lot 106/3 Kingston Road

Heatherton, VIC 3202, Australia
$460,000
2 bed 2 bath 1 car

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Area Price Guide
$432,400$487,600

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78
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$930,000
Area median
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-51%
vs median
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1 week ago
Listed

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About this property

Lot 106 / Quest Moorabbin For Investors Only Not Suitable for Owner-Occupiers Positioned within the well-established Quest Moorabbin serviced apartment complex, this spacious twin-key apartment presents an exceptional opportunity for investors seeking secure passive income, long-term lease certainty and low-maintenance ownership within a professionally managed accommodation asset. Offering approximately 80sqm including balcony space, the apartment comprises two generously sized bedrooms, two bathrooms, two fully equipped kitchens, separate laundry facilities, spacious living and dining areas, private balcony and secure car parking on title. Residents and guests benefit from access to a range of hotel-style on-site services and facilities managed by Quest, including professional on-site management, reception services, guest assistance, and streamlined check-in and check-out processes designed for convenience and efficiency. Additional amenities within the complex include a fully equipped gym, BBQ and outdoor entertaining area, communal dining spaces, and conference/business facilities, catering to both short-stay and long-stay corporate guests. Designed to accommodate both corporate and extended stays, the functional twin-key configuration enhances rental flexibility while supporting strong ongoing occupancy demand within the Quest accommodation network. The professional management structure ensures consistent presentation standards, efficient maintenance response, and a seamless guest experience. Investment Highlights: Secure lease arrangement until 2046 Current rental income: $2,812.53 per month Fixed 4% annual rental increases Professionally managed by Quest accommodation operators Strong corporate and long-stay tenant demand Low-maintenance "set-and-forget" investment profile Stable long-term income stream Owner Outgoings (Approx.) Council Rates: $1,887 p.a. Water Rates: $704.20 p.a. Land Tax: $975 p.a. Body Corporate Sinking Fund: $1,076.40 p.a. Strategically located within Melbourne's highly regarded south-east business corridor, Quest Moorabbin is positioned moments from Holmesglen Private Hospital, Moorabbin Airport, and major retail destinations including DFO Moorabbin, Southland Shopping Centre and Costco Wholesale Moorabbin. The location is also surrounded by Melbourne's renowned Sandbelt golf courses, further strengthening consistent accommodation demand from both corporate and leisure markets. Combining secure long-term rental income, structured annual growth and minimal ongoing management requirements, this represents an outstanding opportunity for investors seeking a resilient income-producing asset in a tightly held hospitality accommodation sector. For further information or to arrange a private inspection, please contact Cathy Yuan on 0425 812 260. Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property Features

    View full listing on Domain

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    Repayment calculator

    $2,230/month
    $1,115 /fortnight
    Loan $368,000 at 6.10% over 30 years

    Upfront costs

    Deposit$92,000
    Stamp duty$22,670
    Conveyancing (est.)$2,000
    Total upfront$116,670
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    apartment
    Listing Type
    For Sale
    Bedrooms
    2
    Bathrooms
    2
    Parking
    1
    Listed
    1 week ago

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